Oil prices are falling on Wednesday morning, in expectation of a further build in US crude stocks in data due out later and more bad economic news with the start of the earnings reporting season, said players.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 50.73/bbl on the ICE platform, down USD 0.49 on Tuesday's close.
The market was expecting another rise of 1.5m bbl in crude oil stock levels when the US government published inventory figures this afternoon, energy analyst Stephen Schork said.
"Price movements yeste
Mittwoch, 8.04.2009, 08:09 Uhr
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